You work too hard to pay full price for life. Here you will find simple tips and tricks to save how to get your money earning money.
Grab your $20 and take a seat.
You work hard to fill your piggy bank's belly, it should work hard for you.
It's a symbiotic relationship, one hand washes the other and both hands are cleaned.

Wednesday, May 17, 2017

I’m in debt, I shouldn’t be buying silver right? For most
intents and purposes yes, BUT

1: I bought the silver intending to give it away at Christmas/birthdays/to
extraordinary people.

2: It was FREE. Didn’t cost me a dime because of all the
cash back and interest I have earned from the Workthepig system. 99% of it is
purely cash back this year, I didn’t set up my Netspend suite until the last
few months so $0.14 is interest from Netspendit will be $250 this time next year because I have five cards loaded
with $1000 each in their respective savings accounts.

I have scheduled ACH deposits from my free Discover Bank Account
to each Netspend card to waive the “inactivity fee” associated with each card.
I do $25 per month so I know when the account says there is $75 on the Netspend
card, interest has posted! It’s not much, and you can withdraw $75 every 3
months back to your discover savings account so you don’t have to keep messing
with the money. Set it and watch it grow for you. You could transfer all of the
interest out once per year and get $50 per year per account, $250 in my case. So
next year I could buy ½ pound MORE SILVER because of the interest from the Netspend
accounts. Assuming silver stays the same price, which it won’t.

So let’s take a look at the heavy hitters this year.
According to Credit Karma, I have had my Capital One Journey Card for 1 year
now I got it with a 486 credit score as a “rebuilder” that gets me 1.25% cash back! (NOTE: 1.25% doesn't seem like much, but thats an extra $250 for every $1000 in cash back compared to a 1% card.)

Here is a review of my cash back this last year:

April 2016 I had a 486 credit score. I had failed to pay my
student loans to the tune of $14,000 and because I didn’t pay them, the
interest compounded until I owed $20,000. Double Whammy. AVOID AT ALL COSTS, This
applies for CREDIT CARDS TOO: you end up PAYING INTEREST ON your INTEREST. It’s
the worst.

So I was determined to get back on track:

I had a $1500 limit on my Capital one Journey card so I
spent less than $150 each month and paid off my balance. By staying/utilizing under 10% of
my credit limit (Called “Credit Utilization”) I got the BIGGEST CREDIT SCORE
BOOST that you can get. Under 30% is ok for your credit, under 20% is better
and under 10% is best.

After paying my bill on time for 4 months with low
utilization I applied for my next two cards on the same day. Literally back to
back.

I did this because it will only show up as 1 hard pull on
your credit score (lots of hard pulls are bad, applying two cards at a time
saves you HALF [50%] of the hard pulls on your credit.)

Those cards were the American Express Blue Cash Everyday card that gets me 3%
cash back at grocery stores and the Citi Double Cash card that gets me 2% back
anywhere. My Citi card is a Mastercard, but I am not sure if they are all
mastercards.

All three of these cards have $0 annual fee AND get cash
back, meaning I can sock drawer them if I end up not needing them anymore and
use them once a year. This is different from a card with a $75 annual fee. Because
you have to pay to own it every year, and if you stop paying, your average
credit age will go down, which is bad.

So total cash back for April 2016-April 2017

Capital One Journey card: $63.08

Citi Double Cash card: $158.06

American Express Blue Cash Everyday Card: $142.43

Plenti: $53

Ibotta: $54.75

Netspend Interest: $0.14* (One day’s interest on one account
before the quarter closed)

Total FEES: $0.00

Total Interest PAID on the Credit Cards $0.00

Total FREE MONEY: $471.46

FREE MONEY!!!!

You know what all that free money can buy?

But you don’t have to buy silver, you can buy whatever you
want. Rent? Diamonds? A fine suit?
Groceries? Pay off debt? It’s your
money. YOU DECIDE.

You work hard to fill your piggy bank’s belly, it should
work just as hard for you.

Stop paying full price for life! You work hard to fill your piggy bank's belly, it should work just as hard for you.

!!!!!UPDATE!!!!! Since posting this I have elected to pay for the silver in cash and use the cash back combined with the interest from my high interest savings accounts towards a 5 day trip to Puerto Rico! It was the most amazing experience that I have ever had, HANDS DOWN!

It's not like I returned the silver and bought it again with cash. The cash back is in my account, so if I have accrued $500 in cash back then something worth $500 would be free to me. It doesn't mater what was free, it's that you got $500+ in value back from the spending and saving you are already doing anyways.